Question-and-Answer Session
Operator
(Operator Instructions) We’ll for first to Nicole Miller with Piper Jaffray.
Nicole Miller – Piper Jaffray
Just two quick questions, first can you give us the quarterly inventory write downs by quarter so we can reconcile the model? I see you gave it this quarter, I believe it was $1 million in cost of [inaudible].
Hassan N. Natha
For the fourth quarter and what we indicated is that for the first, second and third quarters, it’s $700,000. What we will do is in the 10-K we’ll provide you that information. I don’t have that on me currently.
Nicole Miller – Piper Jaffray
And then I guess just really my last - the question I’m really trying to reconcile is this comment about not expecting slotting fees in 2008 or at least not to the same degree, I’m just wondering how you either plan to grow ACV or throughput, how can we kind of reconcile increasing sales without having to pay for it? That’s the question, I guess.
Stephen C. Jones
Well, Nicole, I think we will spend a bit on listing feesasHaHassan. We have currently budgeted about $500,000. That’ll handle continued investment in 24C, new points of availability and in some cases it’ll fund some of our Cola listings. So we will be spending some but really I think that the growth comes from we’ll continue expanding in some of the regions that Joth talked about Southwest, the Northeast and so we will be picking up new points of availability but really we’re focusing on volume per outlet of the investments we’ve already made, maximizing the opportunity on the shelf in getting more volume per point of availability that we already have and to me that’s where the real source of growth in 2008 and 2009 will come from. So hopefully that clears that up.
Operator
We’ll go next to Mark Astrachan with Stifle Nicolaus.
Mark Astrachan – Stifel Nicolaus & Company, Inc.
The first question relates to the sales of concentrate in the quarter, what happened there in terms of why there weren’t any shipments, was it inventory, was it other things? And then the second part of that question is what were the slotting fees used for in the quarter?
Hassan N. Natha
In terms of no concentrate sales in the quarter, really two reasons. One is the inventory levels at National Beverage and secondly is the promotion programs that we put into the fourth quarter were not as effective as we thought they would be. So that’s the reason for the no sales of concentrate in the fourth quarter. In terms of the slotting fees, the slotting fees that were incurred in the fourth quarter were again related to customers that we had acquired and also the amortization of the ongoing slotting fee costs that we’ve incurred throughout the year.
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